Development banks to provide soft loan to small and middlescale enterprises

Kathmandu, 5 April: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and Development Bankers' Association Nepal on Sunday signed a memorandum of understanding (MoU) with an objective of facilitating the flow of services including concessional loan to micro, small and cottage industries.

FNCCI Vice-President Dinesh Shrestha and Chairperson of Development Bankers' Association Nepal Govinda Prasad Dhakal signed the deal in presence of FNCCI President Shekhar Golchha, Senior VicePresident Chandra Prasad Dhakal, Vice-President Anjan Shrestha, and ViceChairperson of Association Pradyman Pokharel.